ENDVR Announces Innovative Consumer Cash Back Feature: Join the Waitlist for Early Access
EXEC: L.L.Bean Posts Flat Revenue in 2024; Employee Bonus Falls to 6.5 Percent
EXEC: Solo Brands Ends 2024 with $12M in Cash; Sees Credit Compliance Doubtful
Target Sports USA Adds New Hire to Digital Marketing Team
EXEC: Dick’s SG Shares Decline as Street Worries About Weaker 2025 Outlook
SGB Update
Report: Online Resale is Expected to Reach $40 Billion by 2029
From integrating social commerce and AI applications to establishing trade organizations and interfacing with the government, ThredUp said it’s clear why resale has seen accelerated growth and a promising growth trajectory.
Report: February Perceived Stability at Retail Hides Deeper Fluctuations
While the steady appearance of retail performance carried through top-line views of discretionary general merchandise, retail food and beverage, and non-edible consumer packaged goods, underlying disruptions are emerging, reported Circana.
BaseMap Names Former HuntScore CEO as Company President and CEO
BaseMap, Inc. acquired HuntScore in a deal that closed in January 2024. Matt Habiger joined BaseCamp at the time as VP of Data Sciences. BaseCamp Founder Jeffrey Balch will remain actively involved in the company as a director and chief product officer.
Target Sports USA Welcomes New Sales Rep
In her new sales role, Nadja Abaza will drive membership sales, collaborate with major manufacturers, and expand the brand through strategic marketing.
Henry Repeating Arms Moving 100 Percent of Manufacturing to Wisconsin
The commitment reportedly includes transferring all of its Bayonne, NJ manufacturing operations to its newly expanded HQ in Rice Lake, WI, and two additional facilities in nearby Ladysmith, WI.
SGB Executive
EXEC: L.L.Bean Posts Flat Revenue in 2024; Employee Bonus Falls to 6.5 Percent
The company said it continued to navigate a challenging retail environment in 2024, in a year impacted by inflationary headwinds and a decrease in spending in the outdoor sector.
EXEC: Solo Brands Ends 2024 with $12M in Cash; Sees Credit Compliance Doubtful
Subsequent to the end of the year, Solo Brands drew down $277.3 million on its revolver, which matures next year on May 12, 2026. CFO Laura Coffey said the company expects to experience difficulty remaining in compliance with the financial covenants in its credit agreement.
EXEC: Dick’s SG Shares Decline as Street Worries About Weaker 2025 Outlook
Dick’s posted a 5.2 percent comp store sales increase for the 2024 fiscal year, cycling against a 2.6 percent comp sales gain in the 2023 fiscal year. The retailer expects full-year comp sales growth from 1.0 percent to 3.0 percent for fiscal 2025.
EXEC: Rapala VMC Getting Big Hits with CrushCity Lures as Soft Baits Dominate
North American sales grew in almost all categories except hard baits, impacted by the trend shift in fishing techniques favoring soft plastics over hard baits. CrushCity was the driving force in the company’s soft bait business.
EXEC: Velocity Outdoor Posts Full-Year Sales Decline After Crosman Divestiture
The decrease in net sales was driven by the divestiture of the Crosman air gun business, which the company sold on April 30, 2024. The remaining product categories reportedly decreased due to softness in the Hunting and Fishing market and retailers reducing their inventory-on-hand levels.
